Showing 1 - 10 of 7,653
economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … competencies for the regulation of the European network industries. …
Persistent link: https://www.econbiz.de/10011491086
The "revolving door" phenomenon has become very common in most industrialised countries, and is leading to conflicts of interest as well as economic distortions. The purpose of this paper is to develop an indicator of the distortionary effects of the revolving door - The Revolving Door Indicator...
Persistent link: https://www.econbiz.de/10010459790
Although a common institutional arrangement, self-regulation as an alternative to direct government regulation has … delegate or to centralize regulatory authority, and examines whether the government's institutional choice is efficient. Self-regulation … populist, or when society is not polarized. Inefficient use of central regulation is more likely than inefficient use of self-regulation …
Persistent link: https://www.econbiz.de/10014060429
-functioning marketplaces depend on the vibrant flow of accurate reputational information, and how misdirected regulation of reputational … information could harm marketplace mechanisms. It then explores some challenges created by the existing regulation of reputational …
Persistent link: https://www.econbiz.de/10014044069
Self-regulation is common, but comparative analysis of self-regulation and government regulation is rare. This paper … identifies conditions determining whether regulation is delegated or centralized, analyzing the welfare implications of … government-producer bargaining. Self-regulation's relative efficiency increases with uncertainty over institutional …
Persistent link: https://www.econbiz.de/10014224400
This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...
Persistent link: https://www.econbiz.de/10014514254
Suppose that a group of agents having divergent expectations can share risks efficiently. We examine how this group should behave collectively to manage these risks. We show that the beliefs of the representative agent is in general a function of the group.s wealth level, or equivalently, that...
Persistent link: https://www.econbiz.de/10011507677
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would...
Persistent link: https://www.econbiz.de/10011507695
The CNN exit polls after the 2004 election rated moral values the most important issue; next came jobs and the economy. Eighty percent of the voters who rated moral values the most important issue voted for Bush while eighty percent of the voters who rated jobs and the economy the most important...
Persistent link: https://www.econbiz.de/10011527394
A well known and established model in communication policy in sociology and marketing is that of opinion leadership. Opinion leaders are actors in a society who are able to affect the behavior of other members called followers. Hence, opinion leaders might have a considerable impact on the...
Persistent link: https://www.econbiz.de/10011378325